What is a Director ID? DIN?
February 8, 2022
TRANSCRIPT:
Hi guys, it’s Michelle Knight from Little Miss Bookkeeping. Today we will be chatting about Director ID’s and how to apply for your Director Identification Number (DIN).
What is a Director ID?
A Director ID is a unique 15 digit number given to an existing, new or intending director who has verified their identity with the Registrar. It is issued to a person forever, much like a tax file number or ABN.
Who needs a Director ID?
The Director ID applies to all directors & alternate directors of registered companies under the Corporations Act 2001 (Cth) & the Corporations (Aboriginal and Torres Strait Islander) Act 2006 (CATSI).
You do not need to apply for a DIN if you are a sole trader or partnership.
When do I apply for a DIN?
Where do I apply for a DIN?
Before you get started, you will need to set up for myGovID and complete the proof of record ownership process via the app & then apply online via the ABRS website. I have a YouTube video which runs you through a step by step process on this, you can check that out here.
Other important notes:
– We, as your tax agent, can’t apply for our clients. They need to do it directly online.
– Apply for a DIN ASAP or penalties may apply!
– A director of more than 1 company needs just 1 director ID.
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Nothing makes me happier than implementing time-saving tools and systems that help small businesses get ahead. Instead of being a cog in a large corporation, freelance consulting lets me be the adaptive Bookkeeper on the Sunshine Coast you need. Whatever your financial situation, I’ll help you find new approaches to cut unnecessary costs and alleviate undue pressure. If you’re ready to watch your business grow, let’s start a conversation
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